## El Salvador's Bitcoin Strategy: A Profitable Venture? Lookonchain's recent analysis reveals that El Salvador's Bitcoin (BTC) buying strategy has been surprisingly lucrative. The report indicates that mimicking El Salvador's approach would have resulted in a substantial profit. ## Buying Bitcoin Daily: A Winning Formula Since November 18, 2022, El Salvador has consistently purchased 1 BTC daily, accumulating a total of 969 BTC. The average purchase price was $55,886, amounting to a total investment of $54.16 million. ## Impressive Returns: Over 100% Profit Currently, the value of El Salvador's Bitcoin holdings stands at $115.18 million. This translates to an unrealized profit of approximately $61.03 million, or a staggering 113% return on investment. This demonstrates the potential profitability of a long-term, consistent Bitcoin investment strategy, even amidst market volatility. Whether El Salvador will continue this strategy remains to be seen, but its success is undeniable. ```

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